Why should fine silver bullion even have VAT? Why not go down the same path of taxing the less pure just like it is on 22 carat gold (apart from Krugerrands and sovereigns). There should be an allowance for fine silver bars and coins and a tax on the 925 silver, that seems more reasonable. If the silver was going to be used other than an investment, well then that company should declare how much silver they have bought. it would not even matter because they would be able to claim the tax back and include it in the product. And in all fairness the mass producers of electronics, photography or even jewellery are not even carried out in this country so how is the tax justified?

999 silver is mainly used for investment purposes it should have the same standing as gold, since, even the world bullion masters (LBMA) recognize it as bullion, in fact, I never see platinum fixed twice daily! why is this? is it because silver is money? and platinum is not? interesting wouldn’t you agree? that the only fixes the LBMA are interested in are the gold and silver fix.

Maybe this could be a petition to only tax 925 silver.